(1) 5-tonne lorry On 20 January 2020, BCB purchased a 5-tonne lorry. The negotiated purchase price was RM250,000 including RM15,000 of refundable purchase taxes. The company also paid insurance and road tax RM2,550 and printing of company's logo RM3,000. On 5 May 2020, the company installs a spare-tyre holder to the lorry. The cost incurred was RM2,300. The estimated useful life of the lorry is 10 years. As the production of customised equipment has expected to drop in year 2020, routine service and maintenance is to be incurred for every 2-month costing RM2,500 for each service session. (iii) Determine the carrying amount of 5-tonne lorry to be recognised: a) in the financial statements on 20 January 2020. 1 b) in the financial statements on 31 December 2020. (4 marks)